Overview

The role of village and cottage industries in a developing country like India cannot be over emphasized. Developing countries are characterized as labor abundant and capital scarce. India is no exception to this phenomenon and is undergoing an acute unemployment syndrome. Large industries with their stress on latest technical know-how requiring enormous capital investment cannot absorb all the growing number of unemployed masses in the country. On the other hand, village and cottage crafts which employ labor intensive techniques of manufacture can provide immense employment opportunities to the masses. With any given investment, employment possibilities would be many times greater in rural industries than those in large scale industrial sector. The rural industries occupy a premiere position of eminence in the industrial structure of the Indian economy. They provide employment opportunities to a large section of working force and contribute significantly towards the manufacture and export of goods. The rural industrial sector stands next only to agriculture in terms of employment; on value addition its share is about fifty percent of the total value of goods produced in the manufacturing sector and in the matter of exports, its share is more than one third of the total exports made by the country.

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